2016 Ruling 2016-0661071R3 - Whether s. 80 or s. 143.4 applies -- summary under Subsection 248(28)

CRA found that, given that s. 80 applied in year of forgiveness of unpaid interest under a CCAA Plan, and in light of the rule of statutory construction according prevalence to the more specific provision and the rule against double-taxation in s. 248(28), ss. 143.4(2) and (4) would not also apply to produce an income inclusion from such forgiven interest.